Post
Topic
Board Trading Discussion
Re: Time to short Bitcoin?
by
user27
on 23/03/2017, 06:41:01 UTC
Now, actually is the best time for shorting! I have try to figure out  price movement for the past two weeks an find out that the only people making it big as a traders  are the margin and leverage traders, the buy and hold are having difficult times as the uncertainty is high. BTU maybe seen as a negative sign for bitcoin now but with time we would all see the good part of it.

I don’t think so… I would just hold bitcoin for the time being, don’t think that margin trading is a good idea. It’s just a pure gamble because you can’t take out the loan forever. Bitcoin has to crash by more than the loan rate you took out per day for you to make any profit at all.

I mean maybe i just haven’t got a good experience with shorting altcoins in the past. I shorted Dash at around 0.04 BTC thinking that it would go down in value for sure, but it surprisingly got up to $100+ apiece which made me lose over 1.3 BTC.

Anyways, i think that if you want to be safe just hold a few bitcoins and sell a few bitcoins for USD for a short term and buy back in later when the price is lower